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Jakarta
Wednesday, November 14, 2018
JAKARTA (TheInsiderStories) –— Good morning! The 33rd ASEAN Summit has officially started on Tuesday (13/11) in Singapore. ​During the Summit, the ASEAN Leaders are expected to take stock of ASEAN’s achievements in this year. During the summits, the ASEAN Leaders will review the progress of ASEAN’s relations with the dialogue partners and...
JAKARTA (TheInsiderStories) - Indonesian Government will revise the negative investment list to attract more investment come to the country. According to Minister of Industry Airlangga Hartarto the finalization of the revision would be decided in this month. He gave a clues the item has been discussing was investment for manufacturing and...
JAKARTA (TheInsiderStories) - Singapore United Overseas Bank Ltd., (UOB) and Malaysian Grab have entered into a strategic alliance to accelerate the use of digital services among ASEAN’s growing base of digital consumers, said the lender on Monday (12/11). The alliance will enable UOB to deliver financial services to Grab’s ASEAN-wide user...
JAKARTA (TheInsiderStories) -- GO-JEK, an Indonesian ride-hailing provider joined forced with DBS Bank to enter Singapore' market. The two companies will work together on payment services at the country and soon extend to other countries in the Southeast Asia region. Based on DBS Bank statement released on Tuesday (13/11), Go-Jek is...
JAKARTA (TheInsiderStories – Association of Southeast Asian Nations (ASEAN) has shown that it remains an investment destination of choice for the investors. In 2017, Foreign Direct Investment (FDI) flows in the region reached an all-time high of US$137 billion, up by 12 percent from 2016. Based on the latest report ASEAN Investment...
JAKARTA (TheInsiderStories) - PT Sarana Multi Infrastruktur (SMI), a state-owned infrastructure funding company, will issue Rp828.5 billion (US$56.36 million) bond, according to Indonesian Central Securities Depository. The bond consists of two series and will be recorded on Dec. 5, 2018. The series A bond worth for Rp635 billion with 8.2 percent interest....
JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX: SMGR) has signed the Conditional Sales Purchase Agreement to acquire 6.18 million or representing 80.6 percent of of PT Holcim Indonesia Tbk (IDX: SMCB) shares. The closing of the transaction is subject to customary regulatory approvals. The state-owned cement producer bought the...
JAKARTA (TheInsiderStories) — Indonesia financial market welcomed the week in the slowdown phase. Rupiah lost its energy, by decreasing 0.78 percent to 14,747 against the greenback. The local currency impairment led other emerging markets currency weakening. Followed, Jakarta Composite Index slumped 1.65 percent to 5,777.05, with Rp17.68 billion (US$12.02 million) foreign...
JAKARTA (TheInsiderStories) — Followed the Lion Air JT-610 PK-LQP crash on Oct. 29, 2018, Transportation Minister Budi Karya Sumadi reshuffled its officials in Air Transportation Directorate General on Monday (12/11). Polana B. Pramesti, previously ministry’s Airport Director, was inaugurated as the new Air Transportation Director General. Her career in the...
JAKARTA (TheInsiderStories) - 50 companies have been listed on the Indonesia Stock Exchange (IDX) during 2018. This number exceeded the bourse's target as many as 35 companies and was the highest number since the privatization of the stock exchange authority in 1992. The self regulatory body (SRO) is optimistic that the...

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Indonesia to Revises Negative Investment List

JAKARTA (TheInsiderStories) - Indonesian Government will revise the negative investment list to attract more investment come to the country. According to Minister of Industry Airlangga...

UOB Singapore, Grab Set Up Digital Services in ASEAN

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